Rupee Falls 19 Paise Against US $ In Early Trade
Mumbai: The Rupee on Wednesday fell by 19 paise to 69.15 against the US dollar in early trade after crude oil prices rose to a four-month high in global market following increased demand for the American currency from importers.
At the interbank forex market, the domestic unit opened lower at 69.11 and weakened further to 69.17 on increased demand from importers. However, it recovered some losses to quote 15 paise down at 69.15 against the dollar.
On Tuesday, the rupee edged lower by 43 paise to close at 68.96 against the US dollar amid demand for the dollar from importers.
Meanwhile, Provisional data showed foreign institutional investors (FIIs) bought shares worth Rs 2,132.36 crore on a net basis on Tuesday.
Furthermore, the benchmark BSE Sensex gained 28.74 points, or 0.07 per cent, to 38,392.21 in early deals.